Nigerian Petroleum Developent company(NPDC) and CBN refused to open their financial statement to PWC. SO the report is dead on arrival,another audit has to take place. It has no credibilty go to premium times and read the audit. NNPC is the definition of corruption here are some excerpts from the report:
” We requested for meetings and information from the Central Bank of Nigeria (“CBN”) but were not granted access to nor given the
requested information by the CBN”page 196
” We requested for meetings and information from the Nigeria Petroleum Development Company (“NPDC”) but were not granted access to nor given the requested information by the NPDC”page 196
“The procedures we performed did not constitute an examination or a review in accordance with generally accepted auditing standards or attestation standards. Accordingly, we provide no opinion, attestation or other form of assurance with respect to our work or the information upon which our work was based”
The audit is therefore null and void and a new one has to be undertaken with full access to CBN accounts and NPDC
The report can be downloaded in the link below:
http://www.premiumtimesng.com/docs_download/Full%20report–20billion%20dollars%20missing%20oil%20money.pdf